Bernstein Analyst Estimates Apple To Generate $2B In Search…

In fact, Sacconaghi categorizes the $2 billion forecast as
“conservative.” The analysis in the research note published Monday means that Apple would meet or exceed its goal of doubling revenue from its services, reaching $49 billion, by the end of
2020.

In a CNBC interview last February, Sacconaghi told investors to pay close attention to iPhones sold in the December quarter. The
expectation is for Apple to sell between 77 million and 79 million phones at about $750 per phone.

Than in May, the analyst recommended Apple stock long term, keeping a close eye on the growth
of its services business. The iPhone during the second quarter brought in 62% of revenue, which drives services, Sacconaghi said in an interview on CNBC.

advertisement

advertisement

This year, as a service, Apple’s search ads
are expected to bring in $500 million, per Sacconaghi.

The numbers are pure speculation, and estimates are based on a move to services. Apple launched Search Ads in the U.S. in September 2016,
and extended the service to Canada, Mexico and Switzerland in 2017. It also introduces a basic version of the ad eliminating keywords and bidding. All this and the company has yet to release any
numbers specific to ad revenue.

Related Articles

Montevideo, Nov 16 (Prensa Latina) The Frente Amplio (FA) is leading the Uruguayan electorate with 32 percent of the votes, in the midst of the presidential pre-candidates” visualization process for the 2019 citizens” consultation. This […]